The slow pace of deliveries in the supply chain is creating a drag on the economic recovery, according to the latest monthly manufacturing Purchasing Managers Index from the Institute for Supply Management.
The ISM report put the index for supplier deliveries at 59. That is a 0.8 percentage point weakening from the 58.2 in August, and significantly worse than the 55.8 recorded for July.
“Suppliers continue to struggle to deliver, with deliveries slowing at a faster rate compared to August,”...